Delta Air Lines (DAL) Receiving Somewhat Favorable News Coverage, Study Shows

News stories about Delta Air Lines (NYSE:DAL) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Delta Air Lines earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news headlines about the transportation company an impact score of 44.6506995910939 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:

A number of analysts recently issued reports on DAL shares. Barclays started coverage on Delta Air Lines in a research note on Thursday, August 10th. They set an “overweight” rating and a $70.00 price objective on the stock. Cowen reiterated a “buy” rating and set a $66.00 price objective on shares of Delta Air Lines in a research note on Monday, August 14th. BidaskClub upgraded Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Morgan Stanley decreased their price objective on Delta Air Lines from $62.00 to $59.00 and set an “overweight” rating on the stock in a research note on Thursday, August 17th. Finally, Wolfe Research upgraded Delta Air Lines from a “market perform” rating to an “outperform” rating in a research note on Friday, August 18th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $63.39.

Shares of Delta Air Lines (NYSE:DAL) traded up $0.85 during midday trading on Monday, reaching $52.91. The company’s stock had a trading volume of 8,866,620 shares, compared to its average volume of 7,807,747. The company has a market cap of $37,800.00, a price-to-earnings ratio of 10.85, a P/E/G ratio of 1.58 and a beta of 1.28. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.43 and a quick ratio of 0.36. Delta Air Lines has a fifty-two week low of $43.81 and a fifty-two week high of $55.75.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.04. The business had revenue of $11.06 billion for the quarter, compared to analyst estimates of $11.03 billion. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.70 EPS. sell-side analysts expect that Delta Air Lines will post 5 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a $0.305 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.22 dividend on an annualized basis and a yield of 2.31%. Delta Air Lines’s dividend payout ratio is currently 24.45%.

In other Delta Air Lines news, insider Steven M. Sear sold 6,898 shares of the company’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $53.01, for a total value of $365,662.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Peter W. Carter sold 19,809 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $50.42, for a total value of $998,769.78. Following the completion of the transaction, the executive vice president now owns 67,077 shares in the company, valued at $3,382,022.34. The disclosure for this sale can be found here. Insiders sold a total of 239,810 shares of company stock worth $12,684,903 over the last 90 days. Corporate insiders own 0.37% of the company’s stock.

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About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

Insider Buying and Selling by Quarter for Delta Air Lines (NYSE:DAL)

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